Arthroscopy Procedures and Products Industry to Surpass USD 13,265.6 Million in 2033, Projected to Expand at a 6.2% CAGR Through 2033

arthroscopy procedures and products market

The global arthroscopy procedures and products market is projected to reach a valuation of USD 6,860.8 million in 2023, with robust growth expected at a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2023 to 2033. Increasing applications in sports medicine and the rising prevalence of osteoarthritis (OA) among the aging population are key drivers propelling market expansion.

North America and Europe dominate the global market, collectively accounting for over 77% of revenue share, thanks to the growing preference for minimally invasive arthroscopic surgeries. The United States and Germany, in particular, are witnessing a surge in demand for these procedures due to their efficacy in managing joint issues and reducing recovery times, especially in older adults.

Arthroscopy’s ability to address sports injuries and degenerative joint conditions with minimal invasiveness makes it a preferred choice for patients and healthcare providers alike. Coupled with advancements in surgical tools and imaging technologies, the adoption of arthroscopy is expected to continue rising.

Get Complete Full Report – https://www.futuremarketinsights.com/reports/arthroscopy-procedures-products-market

Key Takeaways:

• Market Valuation: Expected to reach USD 6,860.8 million in 2023, with significant growth over the next decade.
• CAGR: The market is forecasted to grow at a steady CAGR of 6.2% from 2023 to 2033.
• Regional Dominance: North America and Europe account for over 77% of global revenue, driven by demand in the United States and Germany.
• Growth Drivers: Increasing prevalence of osteoarthritis and sports-related injuries, along with advancements in minimally invasive surgical techniques.

Growth Drivers

1. Increasing Application in Sports Medicine: The demand for arthroscopic procedures is growing due to a higher incidence of sports-related injuries that require minimally invasive treatment options.
2. Rising Prevalence of Osteoarthritis: The aging population is experiencing a higher prevalence of OA, which drives the need for effective arthroscopic interventions to alleviate joint pain and improve mobility.
3. Technological Advancements: Innovations in arthroscopic instruments and techniques enhance surgical outcomes and patient recovery times, making these procedures more attractive to both patients and healthcare providers.

Regional Insights

• North America and Europe are expected to see significant growth, collectively accounting for over 77% of the global revenue share. This is largely due to the increasing preference for arthroscopic surgeries among the geriatric population, particularly in the United States and Germany.

Key Companies Profiled

Arthrex Inc.; CONMED Corporation; Johnson & Johnson; KARL STORZ GmbH & Co. KG; Olympus Corporation; Richard Wolf GmbH; Stryker Corporation; Others

Arthroscopy Procedure and Product Market by Category

By Product Type:

• Arthroscopes and Visualization Systems
• Arthroscopic Resection Systems
• Arthroscopic Fluid Management Systems
• Arthroscopic Implants
  • Knee Implants
  • Shoulder Implants
  • Hip Implants
  • Other Implants
• Arthroscopy Radiofrequency (RF) Systems
• Arthroscopic Drills and Fixation Systems
• Other Arthroscopy Instruments and Accessories

By Procedure Type:

• Shoulder Arthroscopy
• Hip Arthroscopy
• Knee Arthroscopy
• Elbow Arthroscopy
• Small Joints Arthroscopy
• Others

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa (MEA)

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube